The Reid Trust in 2012
During 2012 the Trust has still been regaining its equilibrium following the sudden and unexpected deaths in 2010 of both our longtime Chairman, Mr. Jack McLaughlin, and our esteemed legal advisor, Mr. Hugh Guthrie, QC. However, in God's strength the work of the Trust has continued. In the interval since their deaths we have added three new Trustees and have continued to issue grants in the usual amounts according to our usual schedule.
As some outside the Trust are aware, we have been wrestling with the legal complexities that would be involved should we choose to move from our present status as a Trust to functioning as a Foundation (with the potential of adding to our resources via fund raising and additional bequests). The implications are not as simple as they might appear on the surface and we have not reached a final conclusion as to our future course of direction in this matter. However, what remains a constant is our wholehearted commitment to fulfilling the mission entrusted to us by Priscilla and Stanford Reid - namely, utilizing our assets for the support and furtherance of Reformed and Presbyterian theological education in Canada. Whatever decisions are made, that objective will not be lost.< /p>
A recent review of our financial performance since we first began to issue grants in 1999 is worth sharing. In the 14 years that we have been dispersing funds we have expended a total of over $640,000.00 - an average of $46,000.00 per year. In the most recent years, which were not easy economic times, we have actually released an average of $50,000.00 per year. We have just made our final grant decisions for 2012 and this level of performance has been sustained. We are also pleased to make it known that the capital resources of the original bequest have not been reduced but comfortably maintained. We are grateful to God for the blessings that he has provided.
We remained persuaded that the original vision of the Reid's was bold, innovative and a gracious objective that remains as important now as when they first gave of their substance to their dream. With God's help we hope to continue the work of the Trust with renewed strength in the days ahead.
Please note: Application deadlines are April 1st. and October 1st. of each year.
It is requested that applications to the Trust be submitted in digital format (in either .pdf or .doc compatible files) with the digital submission to be followed by a hard copy forwarded by regular mail. Application deadlines would be fulfilled by the digital submission. Applications from anyone unable to comply with this request for digital submission will not be excluded from consideration. See Our Application Process for additional application information.